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EOG Resources (EOG) Stock Moves -1.84%: What You Should Know
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EOG Resources (EOG - Free Report) closed the most recent trading day at $93.60, moving -1.84% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.94%. At the same time, the Dow lost 1.07%, and the tech-heavy Nasdaq lost 0.39%.
Coming into today, shares of the oil and gas company had gained 5.29% in the past month. In that same time, the Oils-Energy sector gained 5.65%, while the S&P 500 gained 5.72%.
Wall Street will be looking for positivity from EOG Resources as it approaches its next earnings report date. The company is expected to report EPS of $3.25, up 357.75% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.93 billion, up 99.82% from the year-ago period.
Investors might also notice recent changes to analyst estimates for EOG Resources. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.85% lower. EOG Resources is currently a Zacks Rank #3 (Hold).
Investors should also note EOG Resources's current valuation metrics, including its Forward P/E ratio of 9.36. This represents a premium compared to its industry's average Forward P/E of 5.89.
Investors should also note that EOG has a PEG ratio of 0.45 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 0.27 at yesterday's closing price.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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EOG Resources (EOG) Stock Moves -1.84%: What You Should Know
EOG Resources (EOG - Free Report) closed the most recent trading day at $93.60, moving -1.84% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.94%. At the same time, the Dow lost 1.07%, and the tech-heavy Nasdaq lost 0.39%.
Coming into today, shares of the oil and gas company had gained 5.29% in the past month. In that same time, the Oils-Energy sector gained 5.65%, while the S&P 500 gained 5.72%.
Wall Street will be looking for positivity from EOG Resources as it approaches its next earnings report date. The company is expected to report EPS of $3.25, up 357.75% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.93 billion, up 99.82% from the year-ago period.
Investors might also notice recent changes to analyst estimates for EOG Resources. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.85% lower. EOG Resources is currently a Zacks Rank #3 (Hold).
Investors should also note EOG Resources's current valuation metrics, including its Forward P/E ratio of 9.36. This represents a premium compared to its industry's average Forward P/E of 5.89.
Investors should also note that EOG has a PEG ratio of 0.45 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 0.27 at yesterday's closing price.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.